Market Overview Early This Morning:



The night trend of Bitcoin was significantly impacted by external factors, with the price quickly falling from 102800 to 98800, breaking below the important psychological level of 100000.

From a technical indicator perspective, the hourly Bollinger Bands are exhibiting a trumpet-shaped expansion pattern, indicating a significant increase in market volatility. Currently, the price of Bitcoin continues to operate outside the lower band, with downward momentum dominating the short-term trend.

The MACD indicator shows that the DIF line has crossed downwards from the DEA line, forming a death cross signal, and the distance between the two lines is gradually widening. The green momentum bars are continuously increasing, clearly releasing a bearish signal from a technical perspective. Comprehensive analysis indicates that in the short term, Bitcoin may continue a weak adjustment pattern due to the dual impact of negative factors and technical breakdown.

Reference price:
Bitcoin: Support range 98000-97400, resistance target range 99800-100400
ETH: Support range 2140-2100, resistance target range 2220-2270

The market is highly volatile, and it is recommended that investors manage their risks well.
BTC-0.33%
ETH3.02%
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DeFiChefvip
· 06-22 17:51
The market is down, buy the dip and let's talk later.
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MEVEyevip
· 06-22 17:47
Bear Market bad news is being generated automatically!
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0xSoullessvip
· 06-22 17:47
It fell back below 100k again. Who did this?
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NFTBlackHolevip
· 06-22 17:38
Cut Loss left the market, everyone dispersed.
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MevShadowrangervip
· 06-22 17:35
Up and down, probably lost money again.
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AirdropHarvestervip
· 06-22 17:31
The old loser lost all the suckers again today.
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